Cadence Design Systems, Inc. $CDNS Stake Decreased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lessened its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,980 shares of the software maker’s stock after selling 6,993 shares during the period. Epoch Investment Partners Inc.’s holdings in Cadence Design Systems were worth $18,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in shares of Cadence Design Systems during the third quarter valued at approximately $26,000. Caitlin John LLC bought a new stake in Cadence Design Systems during the third quarter worth approximately $29,000. Swiss RE Ltd. bought a new stake in Cadence Design Systems during the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC bought a new stake in Cadence Design Systems during the fourth quarter worth approximately $30,000. Finally, Imprint Wealth LLC bought a new stake in Cadence Design Systems during the third quarter worth approximately $31,000. Institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $337.49, for a total value of $337,490.00. Following the transaction, the vice president owned 127,586 shares in the company, valued at approximately $43,058,999.14. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 21,500 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the completion of the transaction, the chief financial officer owned 86,875 shares in the company, valued at approximately $26,883,468.75. This trade represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 176,226 shares of company stock worth $65,900,542. 0.49% of the stock is owned by corporate insiders.

Cadence Design Systems Stock Performance

Cadence Design Systems stock opened at $384.96 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. The firm has a market cap of $106.18 billion, a price-to-earnings ratio of 89.73, a price-to-earnings-growth ratio of 4.56 and a beta of 1.15. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The firm’s 50 day moving average price is $344.32 and its two-hundred day moving average price is $318.83.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.05. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 earnings per share. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. On average, research analysts predict that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CDNS. KeyCorp boosted their target price on Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Cadence Design Systems in a report on Tuesday, April 28th. Morgan Stanley dropped their target price on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Robert W. Baird boosted their target price on Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Finally, Wells Fargo & Company boosted their target price on Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $386.59.

Cadence Design Systems Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.